SENATE BILL 512

File Code: Taxes - Property - Local

Sponsored By:

Senator Pipkin

Entitled:

Queen Anne's County - Property Tax Credits - Commercial Investment and Economic Development

Synopsis:

Authorizing the governing body of Queen Anne's County to grant, by law, a property tax credit against the county property tax imposed on businesses that make specified real property improvements; limiting the maximum amount of the credit to a percentage of the increased assessment and limiting the duration of the credit to 4 years; and providing for the implementation of the credit.

History by Legislative Date

Senate Action

2/3

First Reading Budget and Taxation

2/22

Hearing 2/27 at 4:00 p.m.

3/13

Favorable Report by Budget and Taxation

Favorable Report Adopted

Second Reading Passed

3/15

Third Reading Passed (47-0)

House Action

3/16

First Reading Ways and Means

3/29

Hearing 4/6 at 1:00 p.m.

4/10

Favorable with Amendments Report by Ways and Means

4/7

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/8

Third Reading Passed with Amendments (132-0)

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

COMMERCIAL REHABILITATION

PROPERTY TAX

QUEEN ANNE'S COUNTY

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - Property

( 9-319 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments (Displayed in WordPerfect 8 Format):

House

Number: 525563/01 (PDF)     Offered on: April 10, 2006   at: 8:39 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 15, 2006: Third Reading Passed (47-0)

House

April 8, 2006: Third Reading Passed (132-0)